Bpcl

FEATURED ARTICLES ABOUT BPCL - PAGE 2

MUMBAI: Oil major Bharat Petroleum Corporation Ltd (BPCL), on Wednesday unveiled its customer-focussed strategies in retail marketing of petro products, especially the rural LPG market in the recently deregulated oil sector. "The recent socio-economic changes throw up enormous opportunities and taking note of these, BPCL is shaping its retail and LPG strategies. We also expect a sharp increase in rural spending levels over next few years," newly-appointed chairman and managing director, S Behuria told shareholders at the company's annual general meeting held here.

ET Now spoke to Devang Visaria, Chief Strategist, devangvisaria.com, on his view on the refineries. How would you look at playing IOC? On the refineries, we have a positive bias. HPCL has just completed the 61.8% retracement from the levels from where it began the smart rally. HPCL, IOC, BPCL, all these three stocks warrant an investment buy from these levels. The downside even if it does come from these levels, it would be hardly 5 or 7% from these levels and upside should be significantly higher from these levels.

NEW DELHI: Single or running a family. Either way, keeping track of your cooking gas (LPG) cylinder and booking a refill can be quite a chore. Not anymore, if you are a customer of Bharat Gas, the brand marketed by Bharat Petroleum Corporation Ltd (BPCL). The state-owned oil firm, up for disinvestment, has developed a software that will alert your dealer a few days before your cylinder runs out and a delivery boy will knock on your doors with a refill without any prior booking.

Vijay Bhambwani , Author, CEO, BSPLindia.com in an interview with ET Now talks about BPCL? What is the call on BPCL? BPCL would be a short from my side because as long as crude prices remain high, oil marketing company stocks are likely to remain under pressure.

ET Now spoke to Ashwani Gujral, Chief Market Strategist, ashwanigujral.com, on his views on BPCL. What are your thoughts on BPCL? BPCL on the other hand had a minor pullback because of the pullback in crude but the trend remains sharply down and it could test levels of Rs 510 shortly.

How would you play the decline in crude would you buy airlines, would you buy OMCs or let us keep it simple buy chemical and paint companies which will gain more if crude goes down? Sudarshan Sukhani: BPCL is a favourite buy. The charts even without the substantial decline in crude would have been upbeat and I would not buy airlines because airlines are not just crude they are so many other issues there and it is a sector that never performs anywhere in the world.

MUMBAI: Bharat Petroleum Corporation Ltd (BPCL) and Tata Engineering and Locomotive Company Ltd have inked an agreement to market co-branded lubricants. The lubricants, which were expected to be introduced soon, would be marketed through BPCL's retail outlets and Tata Engineering's dealers, distributors and service network, the state owned oil company said in release here today. This tie-up was expected to offer enhanced value proposition to customers of both companies, it said.

ET Now spoke to Sudarshan Sukhani, Technical Trends, on his views on BPCL. Is BPCL a buy for you? It is a buy and ideally it is a day trading buy because you cannot even carry overnight positions in a stock which is so prone to news and to crude movements but you buy it only on the long side which means that day traders should have a clear view. Whenever at my levels if I get a dip, I will buy BPCL and get out for whatever money I can get.

Oil major Bharat Petroleum is looking at natural gas as the next big strategic move, even though this business is relatively small at the moment. In the longer term, natural gas will replace liquid fuels such as naphtha and furnace oil. Natural gas is also being used to run vehicles in Mumbai and Delhi. In that sense, diversification into natural gas looks like a smart move. The company seems to have stolen a march over the other public sector companies here.